Why this article?
Times are rough. I don’t think using the word “carnage” is much of an exaggeration. Markets around the world are beaten up. There seems to be no place of refuge. And all of this happened suddenly – not because companies are doing badly. Many companies reported record earnings; some of them are in The Buy List. I read a headline that describes the sentiment perfectly: “Companies report record earnings, but the market doesn’t care”. Well, why not?